The board must be confident in the policies and procedures that they have established. This means having clear roles and responsibilities, being clear about who’s present, and encouraging active involvement. It also involves having a robust board performance assessment.

Many boards have been required to restructure their structures, improve their financial reporting, and be more compliant following scandals. If they don’t but do not go further, they will miss an opportunity to transform their board into a true governance powerhouse.

The creation of a board with the proper structure, processes and expertise is essential to the success of a non-profit. These aren’t easy to do. Particularly for small non-profits which are already struggling with limited time and resources. By implementing best practices, a board of a non-profit can be more knowledgeable and secure, as well as more unified and driven.

Boards must, for instance ensure that they are utilizing the technology to reach their goals for strategic planning and to ensure transparency. This helps them recognize any possible risks, and allows the board to prioritize its risk management efforts in a way that is appropriate.

Another great governance strategy is to keep shareholders on your side. This includes identifying issues early and responding to shareholder concerns, long before the proxy season.

The independence principle is also an important principle of governance. It ensures that board members are not in a position to put their own interests over those of network architecture strategies for IT systems the company. It also improves objectivity and independence when making decisions and uncovers new perspectives for strategic decision-making.